A face-to-face interview with FERC Chairman Pat Wood III.
People for April 2004.
Wisconsinites don't fear 'Day 2.' But let's get the grid rights right.
Do-nothing regulators scare off investment, raising prospects for yet another large-scale power failure.
Legal challenges continue for the undersea transmission line.
Perspective
Two Cato analysts suggest a return to the past-vertical integration, but now with no state regulators.
The defeat of the energy bill in the Senate last year has thrown electricity restructuring back on its heels. There clearly is no consensus among politicians or academics regarding how this industry ought to be organized or how it might best be regulated. Finding our way out of this morass requires a reconsideration of how we got to this dismal point in our regulatory journey.
As Baby Boomers near retirement age, utilities face the challenge of preparing the next generation of leaders.
Human resources managers at many utilities are sounding alarm bells about an impending shortage of skilled personnel-even amid flat industry growth and high unemployment rates.
Electricity demand in parts of Europe is on the rise.
The European Union (EU), unlike the United States, enters 2004 with neither a constitution nor a European regulatory agency to oversee the EU's "single market" goals in energy. The EU, however, faces many cross-border issues affecting trade in electricity and natural gas, just as the United States does. While the member countries of the EU have become more energy efficient, new investment in all segments of electric infrastructure still is needed.
Business & Money
The consequences of exuberance are all around us.
Much of the 160 GW of new generation capacity added to the U.S. inventory since 1998 is now under water, economically speaking. At a per-megawatt cost of $300, this represents $50 billion of investment-much of which is concentrated in Texas (23 GW), Illinois (14 GW), and Georgia (11 GW). The key question for both merchant and other plant owners is how long it will take for plant values to recover.
Commission Watch
FERC's AEP ruling begs the question: Can the feds bypass states that block transmission reform?
In its search for the perfect power market, the Federal Energy Regulatory Commission (FERC) at last has joined the battle that lately has brought state and federal regulators nearly to blows. A recent ruling puts the question squarely on the table: